SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to feedback

The US Securities and Alternate Fee has delayed a call on approving or disapproving the spot (BTC) exchange-traded fund (ETF) proposed by ARK Funding Administration.

In an Aug. 11 discover, the SEC opened a 21-day remark interval for the ARK 21Shares Bitcoin ETF to the general public following publication within the Federal Register, the newest delay for the regulator figuring out whether or not to approve or disapprove of a spot crypto ETF in america. ARK initially filed to listing the ETF in Might, giving the SEC a most of 240 days — till January 2024 — to succeed in a remaining resolution.

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